Welcome to the captivating world of SP500 technical analysis, where we unlock the secrets of the market using Elliott Wave Theory. Join us on this journey as we delve into the latest insights and trends shaping today’s trading session.

SP500 Technical Analysis

In our SP500 technical analysis using Elliott Wave Theory the market tested Tuesday’s low and failed to breakthrough causing it to rip back in the other direction. If they push back over 5880 it’s likely to squeeze further towards 6000 and 6300 overall.

However, if the bears can hold under 5880 we look to the 5600-5650 area next to see if the bulls can hold support.

NASDAQ Technical Analysis

Shifting our attention to the NASDAQ, using Elliott Wave Theory the NQ broke down but held Tuesday’s low which may cause a failed breakdown. If that is the case we would be looking to break over the 20730 level to 21100 overall. If that happens we likely push to 22800 and 23000-24000 overall.

However, if they break Tuesday’s low it’s likely we look to 19200 next.

Stay Informed with Elliott Wave Theory

As we continue our journey through SP500 and NASDAQ technical analysis, guided by the powerful Elliott Wave Theory, our goal is to keep you well-informed about the market’s ever-evolving trends and the abundant opportunities it offers. Think of it as having a trusty compass in the vast sea of trading, helping you navigate through the dynamic landscape of today’s financial markets.

So, stay tuned for more updates and insights, and may your trading journey be as thrilling as the markets themselves.